glossary

indicator

indicator Securities. An average or index that shows enough of a correlation to market trends or economic conditions that it can help analyze market performance. How would a bilingual lawyer translate the term indicator into Chinese?

indicator Read More »

SCHOOL DISTRICT

SCHOOL DISTRICT school district. A political subdivision of a state, created by the legislature and invested with local powers of self-government, to build, maintain, fund, and support the public schools within its territory and to otherwise assist the state in administering its educational responsibilities. [Cases: Schools 21. C.J.S. Schools and School Districts ¡ì¡ì 14¨C17, 21.]

SCHOOL DISTRICT Read More »

SURVIVAL CLAUSE

SURVIVAL CLAUSE survival clause. Wills & estates. A testamentary provision conditioning a bequest on a beneficiary’s living for a specified period, often 60 days, after the testator’s death. ? If the beneficiary dies within the stated period, the testamentary gift usu. accrues to the residuary estate. ¡ª Also termed survivorship clause. Cf. SIMULTANEOUS-DEATH CLAUSE. What

SURVIVAL CLAUSE Read More »